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One important aspect of it that married (and divorced) couples ought to know about is its spousal benefit, which can provide retirement income to both spouses based on only one of their work records.
The Social Security Administration previously allowed some married individuals to receive spousal Social Security benefits at full retirement age, delay their own retirement and grow their full ...
When you're claiming Social Security based on your own earnings record, the earliest age to file is 62. And the same holds true for spousal benefits. But there's a penalty for claiming Social ...
The average monthly payout for all retired workers was $1,918 in June 2024, according to the Social Security Administration (SSA), while those claiming spousal benefits received an average check ...
Social security benefits were reduced by two-thirds of the non-covered government pension amount. [1] Note this is not two-thirds of the Social Security benefit; for example, a $600 non-covered pension benefit would reduce Social Security spousal benefits by $400, regardless of whether the spouse was entitled to $500 or $1000 on the Social Security record of the number holder.
Social Security spousal benefits are based on the PIA of the primary earning spouse. You can receive up to 50% of your spouse's PIA assuming you've reached full retirement age. For example, if ...
So the first qualification is an easy one: At least one spouse in a married couple must be eligible for a Social Security retirement benefit, based on work history in employment covered by Social ...
Image source: Getty Images. 1. How your claiming age impacts your benefit. Just like when applying for personal retirement benefits from Social Security, when you claim spousal benefits can have a ...